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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nexeo Solutions's accounts receivables for the quarter that ended in Dec. 2018 was $550 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Nexeo Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 53.58.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nexeo Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-7.94.
The historical data trend for Nexeo Solutions's Accounts Receivable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nexeo Solutions Annual Data | |||||||||||
Trend | Dec14 | Dec15 | Sep16 | Sep17 | Sep18 | ||||||
Accounts Receivable | - | - | 474.80 | 597.40 | 607.80 |
Nexeo Solutions Quarterly Data | ||||||||||||||||||||
Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | |
Accounts Receivable | Get a 7-Day Free Trial | 562.00 | 630.60 | 625.80 | 607.80 | 549.50 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Nexeo Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 549.5 | / | 935.8 | * | 91 |
= | 53.58 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Nexeo Solutions's accounts receivable are only considered to be worth 75% of book value:
Nexeo Solutions's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 is calculated as:
Net-Net Working Capital Per Share | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (54.6 | + | 0.75 * 549.5 | + | 0.5 * 360.5 | - | 1359.6 |
- | 0 | - | 0) | / | 89.6983 | ||
= | -7.94 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Thank you for viewing the detailed overview of Nexeo Solutions's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
James G Coulter | 10 percent owner, other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Thomas E Zacharias | director | C/O W P CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Brian Herington | officer: Executive VP, Chemicals | 3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380 |
Steven T Romick | 10 percent owner | 11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064 |
Mark Landecker | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
J Richard Atwood | 10 percent owner | |
Brian A. Selmo | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
Gabriela Garcia | officer: Controller | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
David A. Bradley | director, officer: President & CEO | 15710 JOHN F. KENNDEY BLVD, SUITE 300, HOUSTON TX 77032 |
Dan F Smith | director | 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010 |
Kenneth Michael Burke | director | 11742 RIVERVIEW DRIVE, HOUSTON TX 77007 |
Ross Crane | officer: EVP & CFO | 3 WATERWAY SQUARE PLACE, SUITE 1000, THE WOODLANDS TX 77380 |
Tpg Advisors Vi, Inc. | other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Tpg Group Holdings (sbs) Advisors, Inc. | other: Former 10% Owner | C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
David Bonderman | other: Former 10% Owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
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